| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $598M | $469M | $548M | 27.6% | 9.3% |
| Op. Income | $57M | $32M | $42M | 78.1% | 36.2% |
| Gross Margin | 40.5% | 40.4% | 42.0% | 0.1pp | -1.5pp |
| Net Margin | 3.2% | 2.6% | 4.2% | 0.6pp | -1.0pp |
| EPS (Diluted) | $0.37 | $0.23 | $0.43 | 60.9% | -14.0% |
| Free Cash Flow | $81M | -$98M | $24M | 182.7% | 243.4% |
| Item | Amount |
|---|---|
| REVENUE | $598M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $242M |
| R&D Expenses | $14M |
| Selling & Marketing | $63M |
| General & Administrative | $105M |
| SG&A Expenses | $168M |
| Other Expenses | $3M |
| Operating Expenses | $186M |
| Cost & Expenses | $542M |
| OPERATING INCOME | $57M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $23M |
| EBIT | $47M |
| EBITDA | $70M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $598M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $242M |
| R&D Expenses | $14M |
| Selling & Marketing | $63M |
| General & Administrative | $105M |
| SG&A Expenses | $168M |
| Other Expenses | $3M |
| Operating Expenses | $186M |
| Cost & Expenses | $542M |
| OPERATING INCOME | $57M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $23M |
| EBIT | $47M |
| EBITDA | $70M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$800.0K |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$86M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$112M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $0 |
| Net Receivables | $223M |
| Inventory | $541M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $342M |
| Goodwill | $1.3B |
| Intangible Assets | $990M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $245M |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $249M |
| TOTAL CURRENT LIABILITIES | $569M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $142M |
| Other Non-Current Liabilities | $126M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $946M |
| Treasury Stock | -$864M |
| Accum. Other Comp. Income | -$160M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
